Guideline Value for Pillaiyar Koil Street(sanmugapuram 2nd Ward)

Pillaiyar Koil Street(sanmugapuram 2nd Ward) guideline value

The current guideline value of Pillaiyar Koil Street(sanmugapuram 2nd Ward) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street(sanmugapuram 2nd Ward) has changed

The guideline value for Pillaiyar Koil Street(sanmugapuram 2nd Ward) has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 8% from 2012 to 2024.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which is the same as the 2024 figure for Pillaiyar Koil Street(sanmugapuram 2nd Ward).

• Pillaiyar Koil Street(Murugambedu): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(3 rd ward): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(1st Ward): Rs 1,300 per sq.ft (2024)
• Perumal Koil Street: Rs 1,700 per sq.ft (2024)
• Periyar Street: Rs 1,200 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street(sanmugapuram 2nd Ward)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Koil Street(sanmugapuram 2nd Ward)?

The Sub Registrar Office that covers Pillaiyar Koil Street(sanmugapuram 2nd Ward) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Soorapattu

The guideline value is a crucial factor in the registration process when buying or selling property in Soorapattu. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and documented.

When a property is sold, the guideline value helps in establishing a baseline for the sale price, and it is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street(sanmugapuram 2nd Ward)?

The current guideline value of Pillaiyar Koil Street(sanmugapuram 2nd Ward) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street(sanmugapuram 2nd Ward)?

Pillaiyar Koil Street(sanmugapuram 2nd Ward) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Pillaiyar Koil Street(sanmugapuram 2nd Ward) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.